Housing Prices Are PLUMMETING In These States
January 2, 2025
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7:00Now PlayingHousing Prices Are PLUMMETING In These States
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as posted by the channelHome builders are desperate to sell houses in Florida. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Your Support is Crucial to the Show
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"Over the past few years, we’ve experienced a historic deterioration in housing affordability.
The 51% surge in U.S. home prices since March 2020, combined with mortgage rates rising from 3% to 7%, has resulted in the fastest-ever decline in housing affordability. By most measures, the early 1980s housing market (when mortgage rates peaked at 18% in 1981) was slightly more unaffordable overall. However, in terms of housing cycles, the pace of change matters—which explains why homebuyers and industry professionals are feeling a bit dizzy. "
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